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ABC
Dec 28, 2012 5:00am EST
morning washington," on your side. >> 5:30. trade ahead, president obama wraps up efforts to reach a deal with lawmakers in order to avoid the fiscal cliff. we will have details on this afternoon's key meeting. good morning, washington. it's friday, december 28. i am scott thuman. cynne simpson is off today. snow is on the way. let's cap to meteorologist jacqui jeras to find out if it is a fun amount. >> it is a fun amount. it's not today. it's overnight into tomorrow. today's a gray day for travel. 37 degrees right now. there is a breeze out of the north and northwest at 3 miles an hour. there is a wind chill factor this morning. it feels like 28 at dulles, 27 in gaithersburg, 24 in winchester, 28 in culpeper, 24 in fredericksburg. you will need to bundle up. you have plenty of time to prepare for this storm. it will be enough for a winter weather advisory in the potomac highlands and parts of west virginia where 4-6 inches could be possible at the highest elevations and maybe an inch or so adjust to the west of the d.c. area. partly sunny skies today. first, traffic with steve. >> we wi
NBC
Dec 31, 2012 4:00pm EST
with middle-class americans whose taxes would rise at midnight, president obama announced a possible deal. >> it appears that an agreement to prevent this new year's tax hike is within sight, but it's not done. >> reporter: sources say taxes would rise on income over four to five hundred,000, which the president sees as a big win for him. >> keep in mind just last month republicans in congress said they would never agree to raise tax rates on the wealthiest of americans. obviously the agreement currently being discussed would raise the rates and raise them permanently. >> in democrats are not applauding. they taye the president promised tax hikes bon 250,000. >> i think that's grossly unfair. >> reporter: senate republican lead egg mitch mcconnell made the tax deal with vice president joe biden. >> let's pass the tax relief portion now. >> reporter: a hang upis automatic defense and other spending cuts that kick in at midnight. democrats want a two-year postponementment. the cost covered by the new tax hikes. the president scoffed at republican demands for deeper spending cuts. >> shove o
NBC
Dec 31, 2012 5:00pm EST
obama and senior senate republicans confirm a deal is in the works to prevent tax hikes as midnight. even if the senate were to pass it, sources on capitol hill say the house will not vote on it tonight. as far as the deal goes, nbc news has learned that both sides agreed to keep taxes at their current level for individuals who make up to $400,000 a year, or house december holds up to $450,000. mitch mcconnell says both sides are very close to an overall deal. >> let's pass the tax relief portion now. >> keep in mind just last month republicans in congress said they would never agree to raise tax rates on the wealthiest of americans. obviously the agreement that's currently being discussed would raise those rates and raise them permanently. >> again even if the senate were to pass the deal tonight, the house does not plan to vote on it tonight, but that too could change. >>> does that technically mean we're going over the fiscal cliff? >> msnbc's luke russert is live to explain why some congressional aides are call it a fiscal slope and not necessarily a cliff. good evening, luke. >
FOX
Dec 28, 2012 11:00pm EST
on plan a, a $4 trillion debt deal, and after the failure of speaker john boehner's plan b mr. obama has taken the initiative to bring plan c to the meeting today. >> this is not for show. this is a last ditch effort by the president to bring the congressional leaders together to try and get at least a small package, small deal together, before the new year to avoid some of the tax parts of the fiscal cliff and to deal with some of the unexcept issues. >> reporter: that package first unveiled by the president last friday before left for hawaii is a slimmed down bill that would focus on three key areas, keeping tax cuts only for those making $250,000 a year or less, extending unemployment benefits and with the clock ticking it would delay dramatic spending cut until later next year. >> i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. >> reporter: after the meeting the
FOX
Dec 31, 2012 4:25am EST
. on meet the press, president obama called on lawmakers to reach an agreement. if no deal is made, it would be the large of the tax hike since world war ii. >>> secretary of state hillary clinton remains in a new york city hospital this morning after doctors discovered a blood clot stemming from a concussion she had earlier this month. now, a spokesperson for clinton says she is being treated with medication and will most likely stay in the hospital for the next 48 hours. the clot was discovered yesterday during a follow-up appointment. >>> same-sex couples in maryland will be able to marry tomorrow on new year's day. state lawyers said because january 1st is a holiday and because there is a two-day wait period for licenses to take effect, they could not marry until january 4th. the state's attorney general now says all of the licenses will take effect tomorrow. >>> 2012 was another tough year for the economy. >> so it is no surprise that lottery sales were up. fox's claudia cowan has a look for us. >> are you going to walk away with it? let's find out u. >> reporter: even when times are to
FOX
Dec 31, 2012 6:00am EST
. president obama says gop leaders have rejected his proposals to make a comprehensive deal. republicans say they are willing to work together. so what does this mean for you? coming up in the next hour, we'll talk live with congressman jerry connelly and congressman phil roe for a closer look at the looming deadline. >>> still ahead this hour, secretary of state hillary clinton hospitalized. we'll have an update on her condition. we'll be right back. (vo) sometimes the big plan doesn't work. and the perfect life turns out to be not so perfect. you start fresh. new city. new job. new everything. it's exciting, and scary, at the same time. and some days you think, "i can't do this on my own." but then...i went to suntrust. they helped me figure things out. and before you know it, i am doing it... (anncr) at suntrust, helping people shine is what we do. join the thousands who are switching to suntrust's award-winning service. >>> secretary of state hillary clinton will spend the new year in a new york hospital so doctors can treat her for a broad clot. >> it is the result of a concussion clint
NBC
Dec 29, 2012 6:00am EST
come to a deal before december 31st. president obama met with house and senate leaders yesterday. lawmakers are hoping for a deal to help avoid tax increases for everyone as well as massive spending cuts in defense and other areas. if a deal can be reached, the senate would vote on it first and then it would head to the house. the latest the house would vote on a possible deal is january 2nd. the final full day before a new congress takes office. the house is set to return to work tomorrow night, however. speaker john boehner told fellow representatives there would be a session at 6:30 tomorrow night. he said he hopes to have a senate bill in his hand by then that they can vote on. and be sure to tune in tomorrow morning for "meet the press." david gregory will sit down with an exclusive interview with president obama. you can see "meet the press" here on nbc 4. the show starts at 10:30. >>> new this morning, many same-sex couples in the state of maine can now say they're married. that state began allowing same-sex marriages at 12:01 this morning. many places throughout the state
NBC
Dec 30, 2012 6:00am EST
to hammer out a last-minute deal. president obama pushed lawmakers to act. >> we cannot let washington politics gets in the way of america's progress. >> and they called on them to reach a prau phaoeuz or allow a vote on his plan that would among other things raise taxes on those making $250,000. >> i believe it could pass both houses as long as these leaders allow it to come to a vote. >> roy blunt delivered the republican spaupbs. >> the president's proposal to raise taxes on the top 2% of the americans will not even pay the interest on the trillion-dollar debt. >> and there is a plan that could include extending unemployment insurance benefits, and allowing tax rates to increase on the wealthiest americans. but this issue remains a major sticking point with many republicans resisting any tax inkraes at all. the last-minute process calls into question washington's ability to look at all the issues. >> meanwhile, americans watched with worry and frustration. >> i think they are all failing us a great deal and i am sick and tired of them fighting. >> it's the equivalent of worrying abo
ABC
Dec 28, 2012 6:00am EST
of a deal. lawmakers continue to blame each other for the stalemate. edthat has prompted president obama to call a meeting at the white house. >> in what is seen as an aa last-minute attempt president obama has called a meeting with nancy pelosi, mitch mcconnell, john boehner, and harry reid. they have before you are days to reach an agreement or the u.s. economy will go off the fiscal cliff. s when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides if are involved in a high-stakes political blame game. >> we are here in washington working. the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president will be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline. as i said, this is a conversation we should have had months ago. >> democrats want to extend bush-era tax cuts to everyone except those americans making $250,00 or more per year. many republicans a
NBC
Dec 30, 2012 11:30pm EST
republicans claim barack obama favors. >> it's obvious the president wants us to go over the fiscal cliff. >> reporter: on "meet the press," president obama blamed republicans. >> they say their biggest priority is dealing with the deficit, but the way they're behaving is their only priority is making sure taxes don't go up on the rich. >> reporter: the senate minority leader says -- >> i'm willing to get this done. but i need a dance partner. >> reporter: enter vice president joe biden, called by mcconnell. can the senate veteran help congress stumble to a deal on the last day? if not, and we do go off the cliff, congress could be more likely to make a deal and quickly, because then lawmakers could claim they voted to cut middle class taxes. i'm steve handlesman, news4, capitol hill. >> if nothing else, it looks like there will be a deal to keep the price of milk from skyrocketing. leaders have agreed to a one-year ex-tense of the 2008 farm bill that expired in october. the deal will avert a spike in milk prices to as much as $8 a gallon. but it has to come to a vote in the house and sen
FOX
Dec 28, 2012 7:00am EST
have until next week to come up with a deal. this afternoon president obama will hold a meeting at the white house. >> he invited democratic and republican leaders for the talks. we get the latest from sherri ly live at the white house. good morning. >> reporter: good morning. they are back at it again today. these are the first face to face talks between the president and republican leaders, and today the president will be meeting with congressional leaders here at the white house from both parties. they are trying to figure out a way to get around this fiscal cliff, and at this point it's not about coming up with a grand bargain. they're just trying to get something done and fast. president obama back in washington, but can he lead both parties to a compromise fiscal cliff work-around? republicans say democrats have been dragging their feet for months and they won't be pressured into what they considered a bad deal that doesn't help balance the nation's books. >> the president calls congressional leaders to the white house, it's political theater or they have a deal. my bet is
FOX
Dec 31, 2012 5:00am EST
the press, president obama said gop leaders have rejected his proposal to make a comprehensive deal. >> we don't yet see an agreement and now, the pressure is on congress to produce. >> we are willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> today, senate majority leader harry reid could push for a fallback bill which roe woo raise taxes on families making $250,000 a year or more. that plan would also extend unemployment benefits for two million americans. >>> in our other top story, police continue to search for answers in the murder of a college student. xavier strangefellow was a sophomore in virginia. a vigil was held last night at battlefield high school in haymarket. stringfellow was a graduate of the school. he was found stabbed to death. his body was found inside a crashed minivan. police say he had been involved in an altercation. there has been an arrest made in this case. 22-year-old johnny bonilla is charged with murder. >>> a very happy new year for comex couples in maryland. this comes after the state's attorney gen
NBC
Dec 29, 2012 9:00am EST
. president obama met with the house and senate leaders yesterday. lawmakers are hoping for a deal to help avoid tax increases for everyone as well as massive spending cuts in defense and other areas. if a deal can be reached, the senate would vote on it first. then it would head to the house. the latest the house would vote on a possible deal is january 2nd. the final full day before a new congress takes office. >>> the house is set to reconvene tomorrow night. speaker john boehner told fellow representatives there will be session at 6:30 tomorrow night. he said he hopes to have a senate bill in his hand by then so they can vote on it. and be sure to tune in tomorrow morning for "meet the press." moderator david gregory has an exclusive interview with president obama. they'll discuss the impending cliff as well as other key issues facing the country. you can see "meet the press" here on nbc 4. that's tomorrow at 10:30. >>> and the time right now is 10:05. coming up, some ski slopes benefitting from this morning's winter weather. >>> plus, the new developments we could see today that could
NBC
Dec 28, 2012 11:00am EST
. >>> negotiations will resume today at the white house on a deal to keep the country from going over the fiscal cliff. president obama will meet with congressional leaders this afternoon with just four days left to reach an agreement. with time running out it appears a deal would likely include a extension of tax cuts for the middle class and a cancellation of scheduled spending cuts. an aide to senate majority leader mitch mcconnell said the republican senator is eager to hear from the president. >>> new year's is still a few days away but some lawmakers are telling republicans, not to drop the ball on the looming fiscal cliff. news4 tony is live on capitol hill where a maryland lawmaker joined the effort. tony, what's the word over there? >> reporter: we've been hearing about this closed-door session president obama is having with congressional lawmakers. but here on capitol hill, they're having a rally today and you can see behind me some folks with starting to gather and this will take place as 11:30. both sides coming together to call for some kind of agreement to have before these possibl
NBC
Dec 30, 2012 8:00am EST
not yet been able to reach a deal to avoid the fiscal cliff. president obama spoke exclusively to nbc's david gregory. we are going to get a preview of what he has to say just ahead. >> it has been just two weeks since the tragedy of sandy hook elementary in connecticut. a teenager in california wrote a poem to express her feelings saying she understood how it could happen and it got her suspended from school. we'll get her reaction coming up >>> we'll also hear from the 29-year-old surfer that used his fists and his board to save his life when a shark kept coming at him again and again. >> scary story. >>> later on, we'll switch gears and look back at the year in pop culture, from the rise of honey boo boo to the unlikely bop lairity of that catchy tune, gang ham style. >> slightly popular, wasn't it? >>> we begin with the race in washington to fist fiscal cliff deadline including a preview of david gr david gregory's exclusive interview. we begin with kristen welker. >> the house is back in session and they could announce a deal as early as this afternoon. many saying this entire ep
FOX
Dec 29, 2012 6:00pm EST
, president obama's sum -- president obama summoned the house and summit leaders from both parties for a meeting on friday. if they can't reach a deal, taxes go up on all of us. plus, don't forget the impact on your 401k. audrey barns joins us with the latest. >> reporter: everyone involved in a meeting between republican and democratic leaders described it as productive, yet it didn't produce an agreement and there are two days left to get it done to avoid automatic tax hikes and across-the-board spending cuts. lawmakers involved in the white house summit vowed to keep chipping away at the sticking points to reach a deal. while senate minority leader mitch mcconnell struck an optimistic tone, senate majority leader harry reid sounded cautious, warning americans whatever they come up with by sunday won't be perfect. after the meeting, president obama made it clear failure is not an option. >> if we don't see an agreement between the two leaders and the senate, i expect a beam to -- bill to go on the floor, and i have asked senator reid to do this, put a bill on the floor that taxes
NBC
Dec 24, 2012 5:00am EST
they feel for the first time a deal may not get done by the end of the year. congress is not expected to return to work until thursday. the same goes for president obama who will spend christmas in hawaii. that leaves them five days to get a deal done to avoid steep tax hikes and big-time spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential economic disaster. >> my one bit of advice to speaker boehner is this. you cannot pass a bill with just republicans on a broad thing like this, you need both. >> ronald reagan model is if you get 80% of what you want that's a good day. we have the same objective of lower taxes. i like simpson-bowles. put money on the debt. tax rate hikes are partisan solution driven by the president but he's going to get tax rate hikes. >> lawmakers say they are preparing to spend new year's eve on capitol hill. >> one of the survivors in the oregon mall shooting is speaking out for the first time. the 15 year old was shot december 11th. she was walking through the mall and says the gunman walked right past her
FOX
Dec 24, 2012 6:00am EST
. president obama is in hawaii but may return early to resume negotiations. taxes for all americans will go up if a deal is not reached by january 1st. the main sticking points are tax hikes and spending cuts. >>> we are learning more about the dui arrest of a u.s. senator. mike crawl crapo was pulled over in alexandria. an officer said he saw him run a red light. police say he registered a blood alcohol level of .11. the legal limit in virginia is .08. the senator was released on bond about four hours later. the senator released a statement sunday saying i am deeply sorry. i made a mistake for which i apologize to my family, my idaho constituents and any others who have put their trust in me. he is due in court january 4th. >>> heading home for the holidays. nasty weather out west makes the journey longer for some people. we will take a look at mother nature. ♪ because we know how much you do to make the holidays just right. from ornaments to ottomans, memories are made with ikea. >>> church leaders in newton, connecticut are getting standing ovation for helping the community cope with the
FOX
Dec 31, 2012 7:00am EST
, president obama says gop leaders have rejected his proposal to make a comprehensive deal. >> we don't yet see an agreement and now the pressure is on congress to produce. >> willing to work with whoever can help. there's no single issue that remains an impossible sticking point. >> today's senate majority leader could push for a fall back bill which would only raise taxes on families making $250,000 or more a year. that plan would also extend unemployment benefits for 2 million americans. >>> new this morning, one person was killed in an early morning accident on sully road in fairfax county. this happened around 1:45 this morning. we do know a tractor trailer was involved. not known who was at fault. the driver of the other vehicle was killed. also new this morning, your help is needed to find a missing 77-year-old woman. police say this woman bertha may cook-tyler was last seen in gaithersburg. she may be driving a black mercury sable with license plate jhc 592. >> it is now 8:10 on this monday morning. coming up a look for tonight's festivities. >> and secretary of state hillary clinto
NBC
Dec 24, 2012 6:00am EST
as they try to get a deal done by the end of the year to avoid the fiscal cliff. congress is not expected to return to work until thursday. that's the same day president obama will return. he's spending christmas in hawaii with his family. that leaves them just five days to get a deal done to avoid steep tax hikes and big-time spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential economic disaster. >>> last-minute shoppers may not have been as merry this year as retailers had hoped. good morning. >> good morning to you. shoppers filled the malls and stores on the final weekend before christmas but many people may have not been filled with holiday spirit this year. research group npd says customer traffic was in line with last year but consumers are spending less. a combination of factors may be weighing on their minds including the tax impact of the fiscal cliff, aftereffects of sandy and shootings in connecticut. 'tis the season for giving but many charities aren't on the receiving end. the single biggest source of revenue for most ch
ABC
Dec 24, 2012 5:00am EST
. >> eight days away from the fiscal cliff deadline. there's no movement from miticide or a deal. automatic spending cuts and tax increases will stick in january 1st if no deal is in place. that could throw the u.s. back into recession. president obama and lawmakers are on vacation. congress is not expected to meet again until after christmas. >> i guess we can call in another sign of the times. newsweek will become a digital- only publication in the new year. >> a sad moment. this is its last ever print issue. its features a photograph of the old newsweek offices in new york. the headline reads "last british." the-- "last print edissue." >> a few sloppy snowflakes today, mixed with rain, no accumulation expected. >> will that hold you over? >> no. i am still wishing for snowfall. teachers do as well. a light wintry mix today, not a big deal. nothing to get excited about. why snow excitement factor, 1 out of 10. next weekend we have the potential for little snowfall. let's talk about what's happening right now. areas of rain tracking into southwestern virginia, western north carolina tenne
NBC
Dec 31, 2012 6:00am EST
. meet the press, president obama blamed republicans. >> they say that the biggest priority is making sure that we deal with the deficit in a serious way. the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> if a deal is not reached by midnight tonight, taxes go up for nine out of ten americans and 2 million people without jobs will not get unemployment insurance starting tomorrow. sharp cuts in defense spending and programs will kick in onnian 2nd. >>> even if lawmakers cannot strike a deal, there will not be panic in the dairy aisle. there is a deal in place to make sure that milk prices do not skyrocket. cnbc's hampton pearson is live with more. >> how are you doing, erika. picking up on what you were talking about, congress may be having trouble avoiding the fiscal cliff. but they might be able to skirt the dairy cliff. the u.s. farm bill could keep milk prices from surging next year. it would keep a subsidy from coming back to life when the current farm bill expires today. under a 1949 law, the usda wou
NBC
Dec 28, 2012 7:00am EST
. >>> let's make a deal. president obama sitting down with top congressional leader from both parties in just hours. can they agree on something before sending the country over the fiscal cliff? >>> and holy cow. $8 for a gallon of milk? why that utterly ridiculous price could be a very real possibility today, friday, december 28th, 2012. >>> and good morning, everyone. welcome to "today" on a friday morning. i'm savannah guthrie. >> i'm willie geist in this morning. she is full of milk puns this morning. holy cow. utterly. >> what are you, lactose intolerant? >> the trifecta. >> we'll move on to the big story, which is the weather. we're bracing for another big storm before the last one is done. >> it's expected to bring a new round of travel headaches during a holiday travel weekend. how will it impact you in more on that ahead. >>> also, retired general norman schwarzkopf has died at the age of 78. he's being remembered as one of the greatest military figures in u.s. history. more on his remarkable life coming up. >>> also ahead, it happened again. a man shoved to his death in fron
CBS
Dec 31, 2012 6:00pm EST
's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush era tax cuts for families making $450,000 a year and individuals making 40 o,000. it would also extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solves all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. it may be we can do it in stages. >> reporter: negotiations have been going on all day, lawmakers and aids moving back and forth between meeting rooms on what is normally a quiet new year's eve. the major sticking point now is spending. the president suggested lawmakers take action on deficit reduction in the next few months and that more tax revenue could be involved in those discussions. but republicans are furious at that possibility. >> i'm willing to support revenue to deal with this problem. the overall problem. but what i will not agree to is using revenue to replace spending reductions. >> reporter: even if the senate frawfs deal by midnight
FOX
Dec 29, 2012 10:00pm EST
, president obama dressed the -- addressed the nation following a productive and yet failed attempt to strike a deal. he used the weekly address to urge the senate to put together a basic package to protect americans from an income tax hike. >> we can't afford a politically self-inflicted wound to our economy. >> tomorrow is setting up to be a critical day. house members return and senate leaders are hoping they would be able to offer compromised plan. >>> they will have two days to strike a deal to avoid automatic tax hikes for everyone and also to avoid across-the-board spending cuts. audrey barns has more on that fiscal cliff countdown. >> reporter: lawmakers summoned to the white house for an emergency summit to try to hammer out a deal to avoid the fiscal cliff and describe the talks as productive. they didn't produce an agreement. from the senate floor, words of optimism from minority leader mitch mcconnell. >> we're engaged in discussions, the majority leader and myself and the white house and in hopes that we can come forward as early as sunday and have a recommendation. >> reporter:
CBS
Dec 28, 2012 1:35am EST
career. more than 20 years later the no new taxes pledge is a factor in a deal to keep the country from going over that fiscal cliff. only four days to go when big tax hikes and spending cuts are scheduled to kick in. president obama came back to d.c. today. he is calling congressional leaders to the white house tomorrow. the senate was insession today but offered no new solutions. the house is still out on vaca, but they've been called back. today was pretty much blame game thursday. gary nurenberg is here with that. >> derek, the harshest words came from senate majority leader harry reid when he accused house speaker john boehner of both running a dictatorship, and then of being unable to control his caucus. bottom line with four days left -- >> i don't know, timewise, how it can happen now. >> the senate democratic leader blames republican house speaker john boehner ?ea.'s waiting until january 3rd to get re- elected as speaker before he gets serious. >> of boehner's house, reid said -- >> it's being operated with a dictatorship of the speaker. >> the house remains on vacation. >> we
NBC
Dec 30, 2012 9:00am EST
. david? >> thank you, chris, angie and richard. i sit down with president obama for his first appearance on the program in over three years underscoring the importance of the high-stakes showdown taking place in washington in the next few hours, will there be a deal on the fiscal cliff. plus, the other pressing top guns, benghazi, and what he hopes to finish in his second term. >>> in the week ahead, maryland same-sex couples can legally get married beginning on tuesday. maryland lawmakers approved the law. >>> driving the dulles toll road in virginia becomes more expensive starting tuesday, january 1st. the tolls go up to $1.25, and on and off-ramps will increase from 25 cents to $1. that means an extra $1 a tkaday >>> and then metro stopped selling the paper version of the fast pass in august, and starting on january 1st, only the electronic version of the fast pass will work. >>> let's take a live look now at fedex field. that is where the showdown is going to happen. it's a big day for the redskins. they are taking on the dallas cowboys for the east title, and winner gets a guarantee
FOX
Dec 30, 2012 10:00pm EST
in slightly more than 24 hours. we're here, we're ready. >> reporter: president obama sitting down for his first sunday morning talk show interview in over three years told nbc it's time for lawmakers to nail down a deal. >> we don't yet see an agreement, and now the pressure is on congress to produce. >> reporter: republicans and democrats going back and forth behind closed doors, working through the night, trying to avoid some of the most painful tax hikes and spending cuts in our nation's history. >> there's still significant distance between the two sides. but negotiations continue. >> reporter: a possible sign of progress came when vice president joe biden rushed back from delaware to the white house to work the phones and reach out to republican senator mitch mcconnell, who he's worked with on many deals over the years. >> we're willing to work with whoever, whoever can help. no single issue that remains an impossible sticking point. >> reporter: if these talks fail overnight, senate majority leader harry reid says he'll push a white house fall back bill, raising taxes only on famili
CBS
Dec 24, 2012 5:00am EST
matter to deal honestly with the entitlement reform and the big issues that are facing our nation. that's why we find ourselves here today. >> president obama is scheduled to return to washington on wednesday. there's no word if any new talks are planned. >>> 9news is tracking the discussions on capitol hill concerning the fiscal cliff. we have broken our newsroom into four groups. one to monitor the potential impact on the local economy, a second to prepare you for what could happen to you and your family, a third will help you take action and the fourth will hold lawmakers accountable. you can get alerts sent straight to your phone about all our fiscal cliff notes by texting the cliff to 525 eowe to 25 -- the cliff to 25543. >>> time for your money segment of the morning. it is the final trading week of the year for the stock market. the fiscal cliff is scaring investors. stocks sank friday as the economy inches closer to going over the edge. the dow was down 120 points. the nasdaq down 29. the s&p slipped 13 and a half points. >>> the stock market is on track, though, for its fourth
NBC
Dec 31, 2012 5:00am EST
doors to broker a deal with several options on the table. republicans reached out to vice president biden for help with negotiations. meantime, president obama sais he's still cautiously optimistic. nbc's danielle lee is live on capitol hill with the latest. good morning, danielle. >> richard, good morning. the senate will get back to work on this very issue at 11:00 a.m. today. twh they do, they will not have a lot of time to avoid the massive spending cuts and tax increases. democratic leader harry reid says they hope to have an announcement. but at this time, lawmakers say they are still looking at a significant divide, specifically on at what point, what salary should taxes increase. aides say lawmakers did make significant progress over the weekend, specifically on the issue of tax increases for the very wealthiest americans and avoiding the inheritance tax increase and republicans gave up on their demand for social security, cuts to social security to be a part of this deal. democrats have accused republicans of being too stubborn on the issue of tax increases. >> they say the
NBC
Dec 28, 2012 6:00pm EST
obama met with the four congressional leaders this afternoon just a few minutes away. steve handlesman has more. >> after the meeting, he called the president was optimistic and insistent, optimistic there can be a deal that will keep most americans' taxes from going up. here's the president gist now in the white house briefing room. >> i just had a good and constructive discussion here at the white house with start and house leadership about how to prevent this tax hike on the middle class. i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote. one that protects the middle class from an income class hike. one that extends it to 2 million americans looking for a job and lays the groundwork for more economic growth and debt reduction. >> that leads to the insistent park, asking reith who control the se
CNBC
Dec 31, 2012 6:00am EST
against president obama for supposedly cutting medicare in the health care deal. and the ryan budget deferred all of the cuts in social security and medicare way out in the future. >> well, first of all, you're talking about social security and medicare, and the ryan budget was silent on social security. actually thought we should have talked about it. those things are always in the future. you start adjusting eligibility rates over time. >> what are the ten-year entitlement savings right now? >> well, frankly, honestly, if you did lower the age, number one, that would start right at the very end of that window. secondly, you can do -- we want means testing. we've never made any bones about that. that hits mostly upper income people. but we haven't seen it and we haven't been able to get it through. the cpi thing is another one. there's a whole variety of things you can do. they've got to be done in a bipartisan way. they've got to protect current recipients and be phased in. >> do you think that republicans -- entitlement -- >> in fact if you look at the letter speaker boehner sent
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